add average true range as a custom field for searches
add average true range as a custom field for searches
C Fernandes
shared this idea
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Derek Goodyer
commented
Add the capability to have many of the technical indicators available in VV such as ATR useable as custom columns in watch lists or portfolios. For example many would like to have VV calculate a trailing ATR stop or a Chales LeBeaus's Chandelier stop (https://community.tradestation.com/discussions/data/20050225165005lebeau.pdf) and display it in a watach list so it can then be changed where necessary with the broker. Fixed percentage stops such as 10% or 15% are not necessarily appropriate with stocks which have vastly diffirent volatilities.
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Derek Goodyer
commented
Would make it easy for traders to manage portfolios with VV calculating ATR based stops such as Chandilier with user able to change MA used in ATR calculation together with ATR multiple - e.g. tighten when markets starts to loose momentum.